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Press Article: P&I clubs resist cyber exclusions despite rise in attacks
News & Insights 12 November 2020
Nicholas Mavrias, Senior Claims Executive at Standard Club discusses how cyber risks impact the P&I sector, with Insurance Day.
As for other industries, cyber risk is a huge issue for the maritime sector, with companies increasingly subjected to high-profile cyber-attacks. Nicholas Mavrias, Senior Claims Executive at Standard Club discusses how cyber risks impact the P&I sector, with Insurance Day.
'A member’s normal P&I cover will continue to respond to P&I liabilities arising out of a cyber-attack so long as the cyber-attack in question does not constitute ‘terrorism’ or another war risk excluded under rule 4.3 of the club’s rules.'
Read the full article linked on the right.